US EditionFrance Moves to Tax Crypto as “Unproductive Wealth”
12 Articles
12 Articles
The National Assembly approved on Friday the creation of a new cleavage tax that replaces the one on real estate wealth (IFI).
The real estate tax (IFI) is living its last hours after a vote by Members of Parliament. The new system, called "unproductive wealth tax", is a hybrid that stands out from the old ISF by a single asset scope and rate. What concrete consequences will this reform have on the largest assets?
Are cryptos in the process of becoming a burden for French investors? A recently adopted amendment in the National Assembly could upset the situation. Bitcoin, Ethereum and other digital assets would soon be taxed as "unproductive wealth", as well as yachts and the theasurized gold. The article Crypto: The French Assembly votes a controversial measure has appeared first on Cointribune.
Crypto investors face pressure as France approves tax on so called unproductive wealth
TL;DR: France has approved a tax classifying cryptocurrencies as unproductive wealth. The rule could drive investors away and dampen blockchain innovation. Lawmakers argue it ensures fairer taxation across asset classes. France has taken another bold step in redefining how digital assets are viewed under its tax framework. A newly approved amendment has officially classified cryptocurrencies as unproductive wealth, a move that has ignited stron…
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